Did AI write your accounting expert’s report? – Proctor

Artificial intelligence (AI) is increasingly being used in accounting, valuation and forensic tasks to support legal matters. While AI offers efficiencies, its use raises questions about confidentiality, independence, transparency and compliance with professional and legal standards.

This article examines the impact of AI on accountants acting as expert witnesses, drawing on Accounting Professional and Ethical Standards (APES), International Valuation Standards (IVS), international commentaries and the NSW Supreme Court Practice Note SC GEN 23.

A practical framework for responsible use is proposed.

1. Introduction

AI is now widely used in accounting processes, from document review to data processing.

However, for accountants acting as experts in legal matters, the use of AI must be balanced in light of the expert’s overarching duty to the court. Expert evidence must be independent, transparent and reliable.

Courts and supervisory authorities are…